Whiting Petroleum (WLL) Stock Rating Upgraded by Capital One Financial
Capital One Financial upgraded shares of Whiting Petroleum (NYSE:WLL) from an equal weight rating to an overweight rating in a research note issued to investors on Tuesday, MarketBeat reports. Capital One Financial also issued estimates for Whiting Petroleum’s Q1 2018 earnings at ($0.04) EPS, Q2 2018 earnings at ($0.03) EPS, Q3 2018 earnings at ($0.04) EPS and Q4 2018 earnings at ($0.02) EPS.
A number of other research analysts have also recently weighed in on WLL. Imperial Capital began coverage on Whiting Petroleum in a report on Thursday, September 28th. They issued an in-line rating and a $24.00 target price on the stock. BMO Capital Markets reiterated a hold rating and issued a $33.00 target price on shares of Whiting Petroleum in a report on Thursday, January 11th. Piper Jaffray Companies reissued a hold rating and issued a $40.00 price objective on shares of Whiting Petroleum in a research report on Tuesday, January 9th. KeyCorp reissued a buy rating and issued a $28.00 price objective on shares of Whiting Petroleum in a research report on Tuesday, September 19th. Finally, ValuEngine lowered Whiting Petroleum from a sell rating to a strong sell rating in a research report on Sunday, December 31st. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $33.64.
Shares of Whiting Petroleum (NYSE WLL) traded down $0.40 during trading on Tuesday, reaching $29.96. The company had a trading volume of 2,414,254 shares, compared to its average volume of 4,875,308. Whiting Petroleum has a 52-week low of $15.88 and a 52-week high of $49.64. The firm has a market capitalization of $2,720.00, a PE ratio of -4.17 and a beta of 3.39. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62.
Whiting Petroleum (NYSE:WLL) last issued its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $330.25 million. During the same quarter last year, the firm earned ($1.88) earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. analysts predict that Whiting Petroleum will post -2.13 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC increased its position in shares of Whiting Petroleum by 44.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock worth $154,275,000 after acquiring an additional 8,737,870 shares during the last quarter. Vanguard Group Inc. grew its stake in Whiting Petroleum by 0.9% in the second quarter. Vanguard Group Inc. now owns 28,173,403 shares of the oil and gas exploration company’s stock worth $155,236,000 after purchasing an additional 254,053 shares in the last quarter. Fine Capital Partners L.P. grew its stake in Whiting Petroleum by 23.7% in the third quarter. Fine Capital Partners L.P. now owns 26,394,454 shares of the oil and gas exploration company’s stock worth $144,114,000 after purchasing an additional 5,057,592 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Whiting Petroleum by 21.0% in the second quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock worth $142,153,000 after purchasing an additional 4,483,396 shares in the last quarter. Finally, Schneider Capital Management Corp grew its stake in Whiting Petroleum by 63.7% in the second quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock worth $31,570,000 after purchasing an additional 2,230,237 shares in the last quarter.
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About Whiting Petroleum
Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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